Posts Tagged ‘Financial Stocks’

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MIGP soars, C does brisk trade, APWR loses some power

Wednesday, December 1st, 2010

Mercer Insurance Group Inc. (NasdaqGM: MIGP) jumped in price 47.93 percent to open trading Wednesday at $27.88. Volume of 340,855 squashed its normal daily voume of 4,312. Kendall Law Group announced Wednesday it is investigating Mercer Insurance Group, Inc. for shareholders in connection with the proposed acquisition by United Fire & Casualty Company. The national securities firm’s investigation seeks to determine whether Mercer Insurance Group and its Board breached their fi

Citigroup Inc. (NYSE: C) was the volume leader in early trading Wednesday, exchanging 154,660,124 shares, rapidly catching closing in on its daily average volume of 465,835,000. Citigroup shares were 2.02 percent more expensive at $4.28.

APower Energy Generation Systems Ltd. (NasdaqGS: APWR) saw its share prices fall Wednesday morning by 27.99 percent to $4.58. Early share volume of 3,099,954 shares more than tripled the stock’s full-day average. The Chinese-based power company reported Wednesday revenues decreased 40.7% to $57.3 million from $96.6 million in the third quarter 2009. Gross profit decreased 2.5% to $12.3 million in the third quarter from $12.6 million in the third quarter 2009.

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ENA races ahead, IRE overpowers share average, NOAH sinks

Monday, November 29th, 2010

Enova Systems Inc. (AMEX: ENA) picked up 22.55 percent in price Monday afternoon to $1.25. Volume of 180,330 shares was nearly four times its three-month average share volume. ENA is a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems.

Bank of Ireland (NYSE: IRE) did brisk business Monday, trading in 29,498,405 shares, dwarfing its three-month average share volume of 6.2 million. Prices jumped 20.83 percent to $1.71, in the aftermath of the E.U. move to bail out Irish banks.

Noah Holdings Ltd. (NYSE: NOAH) dropped by 8.04 percent Monday afternoon to $16.92. Volume of 352,300 shares was a pittance compared to its usual three-month average share volume of 1,377,410. Shanghai-based NOAH provides investment advisory and wealth management services.

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VOLT bolts higher, BAC busy, MTSL takes lickin’

Monday, November 29th, 2010

Voltaire Ltd. (NasdaqGM: VOLT) gained 34.6 percent in price Monday to $8.65. Volume approaching noon was 3,117,260 shares, easily trumping its three-month average share volume of 33,022. The leading provider of scale-out data center fabrics announced today a definitive agreement under which Mellanox Technologies Ltd. will acquire 100 percent of VOLTs outstanding ordinary shares for cash at a price of $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash).

Bank Of America Corp. (NYSE: BAC) was among late Monday morning’s volume leaders, trading in 60,345,222 shares, on track of its three-month average share volume of 197,194,000. BofA Merrill Lynch Global Research announced today it has introduced the Global Financial Stress Index (GFSI), a comprehensive, cross-market gauge of risk, hedging demand and investment flows. The index is designed to help investors identify market risks earlier and more accurately than commonly used risk indicators, such as the VIX index.

MER Telemanagement Solutions Ltd. (NasdaqCM: MTSL) fell in price early Monday by 13.02 percent to $1.87. Volume by noon was 77,694 shares, surpassing its three-month average share volume of 51,500. MTSL is an Israeli-based global provider of business support systems for comprehensive telecommunication management, telecommunications expense management solutions and customer care & billing solutions

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PGEC zooms, HLWX sells widely, OKME less than OK

Monday, November 29th, 2010

Prestige Capital Corp. (OTCBB: PGEC) rocketed higher by 2,026.32 percent to $1.01. Volume, though, was a scant 500 shares in late morning trading on Monday. The company based in Fort Lee, New Jersey, established in 1985, is a nationwide factoring firm that serves small and mid-size companies which do not yet qualify for traditional bank financing,

Helix Wind Corp. (OTCBB: HLXW) traded in 101, 300,000 shares, and leaped in price 130 percent in late morning trading Monday to 23-100ths of a cent. The Poway, Calif.-based renewable energy company, confirmed today what many people saw and heard discussed on Monday Night Football were actual renderings of Helix Wind turbines lining the top of Lincoln Financial Field.

Oak Ridge MicroEnergy Inc. New (OTCBB: OKME) fell to almost half its Friday closing price by midday Monday, losing 98.8 percent to six cents, on 1,010 shares. OKME, based in Salt Lake City, develops and produces custom designed thin film lithium and lithium-ion batteries that are ideally suited for a variety of applications where a small power source is needed.

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AMRN flies on positive tests, C sells widely, CEU staggers

Monday, November 29th, 2010

Amarin Corp. PLC (NasdaqCM: AMRN) enjoyed a gain of gained 58.03 percent in price early Monday to $5.61. Volume in the first hour was a staggering 17,200,902 shares, trampling its three-month average share volume of 767,131. The Connecticut and Ireland-based pharmaceutical company today reported positive, statistically significant top-line results from the MARINE study, its first Phase 3 clinical trial of lead drug candidate AMR101.

Citigroup Inc. (NYSE: C) was among Monday morning’s volume leaders, trading in 104,926,884 shares, nearly a quarter of its normal daily volume of 117,592,265 shares, with its three-month average share volume pegged at 464,971,000. The banking behemoth upped its price by 0.97 percent to $4.15. C today announced that it has won a mandate to provide third-party securities lending services for Global X Funds’ family of exchange traded funds.

China Education Alliance Inc. (NYSE: CEU) fell in price early Tuesday by 12.7 percent to $3.85. Volume was 165,878 shares, its three-month average share volume not available at press time. CEU is a leading China-based company experiencing fast-growing, offering high-quality education resources and services to students ages 6 to 18 and adults (university students and professionals) ages 18 and over.

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